Innovation In Today's New Normal
/The business world has been buzzing with digital transformation (DT) concepts. Nevertheless, there can be little doubt that the COVID-19 epidemic has sped up transformation throughout many industries.
Telecommuting Is Now Crucial In The Corporate World
The rise of telecommuting is one of the most important stories in digital transformation today. Thanks to the exigencies of the ongoing pandemic, quite a few industries, and jobs are now open to telecommuting. From banks to engineering firms and schools, thousands of companies do their best to integrate remote working into their work practices. However long the COVID-19 pandemic lasts, it's certain that modern work-life has permanently changed. Businesses are reducing office space and capitalizing on the cost savings inherent in remote working.
On-Demand Products And Services
During the pandemic, millions of people grew accustomed to the convenient nature of on-demand deliveries. It isn't likely that people will soon lose their taste for fast and convenient deliveries. To keep up with the zeitgeist, consider providing your services on-demand. DT includes providing more services through convenient mobile apps. If you can't figure out ways to reduce face-to-face contact in your business model, you may be setting yourself up for failure down the road.
Growth Of The Cloud
We've been in the age of big data for years now. That's why you're likely no stranger to the digital cloud. Again, the coronavirus pandemic only accelerated the existing trend of corporate cloud use. The cloud enables collaborators to co-edit documents without sacrificing security. As high-speed 5G networks spread, real-time remote collaboration becomes more practical. Companies that haven't migrated their functions to the cloud potentially lose out on prime cost savings.
How Events Have Gone Virtual
Convention centers and venues also felt the crunch. The need for meetings and seminars continues unabated, however. Professionals must continue interacting with their counterparts to network and trade ideas. Fortunately, the corporate world seems to have taken to virtual events with little friction. Organizers should constantly look for ways to use their creativity to make these events more enjoyable.
Making The Most Of Your Investment
Whether or not your company has a dedicated app, DT requires you to keep abreast of evolving trends in corporate digital design. Expect the public to look for contemporary design features. Many companies realize that if they don't learn and transform, they risk replacement by nimble competitors. Researchers at Harvard Business Review (HBR) estimated that companies spent over $1.2 trillion on DT projects.
Unfortunately, companies wasted hundreds of billions on failed DT initiatives. To make DT effective, you'll need every part of your organization working together. Total buy-in can guarantee the manpower and resources you need to craft a winning DT strategy.
Win The Support You Need By Telling A Transformation Story
A big part of DT involves selling the concept to your superiors. You may be saddled with traditional-minded bosses who are rightly worried about putting hard cash behind buzzwords. DT is not a particularly hard sell for most forward-thinking businesspeople. The best way to promote DT is to tell a story about the need for transformation. A story is not a dry list of facts, figures, or action items. Instead, it is a series of events based on a logical progression.
If your company waits too long before engaging in DT, you may find competitors stealing your thunder. There is no better time than now to engage with the methodologies and technologies that can transform your business.
Maintaining a strong company culture is essential for fostering a positive work environment, enhancing employee engagement, and driving organizational success. Every aspect of a company, from its values to its physical environment, plays a role in shaping its culture.